Market Update for April 17, 2019
In Today's Update:
1) Stocks started today's trading session higher but faded and closed mostly lower led by the Healthcare sector. The Dow Jones Industrial Average dropped 3.12 or 0.01%, the S&P 500 fell 6.61 or 0.23% while the Nasdaq 100 closed lower by 4.15% or 0.05% and the Russell 2000 finished lower by 15.19 or 0.96%.
2) Crude Oil Futures traded slightly lower while Gold Futures were mostly flat after a late-day rally in the U.S. dollar. The Bond market was also flat and the yield on the 10-year Treasury Note held steady at 2.591%.
3) Shares of Apple Inc. (AAPL) have recovered more than half of the loss they sustained late last year and look poised for more gains. Traders and Investors celebrated Apple's settlement with Qualcomm (QCOM) pushing Apple shares higher by $3.88 or 1.95% today and many believe they could be trading back at their all-time high very soon.
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
